SEE: CapitaLand Retail China Trust opens CapitaMall Nuohemule in Inner Mongolia with 100% occupancy
Wuhan New Min Zhong Le Yuan Co has also entered into a lease agreement with Wuhan Min Zhong Le Yuan, a subsidiary of the Wuhan Culture Bureau, to lease the conserved building. The lease term of the agreement is from July 1, 2004 to June 30, 2024. Wuhan New Min Zhong Le Yuan Co has the right to renew the tenancy agreement for another 20 years. The sale consideration of RMB258.0 million was based on the net asset value (NAV) of Wuhan New Min Zhong Le Yuan Co as at Dec 31, 2020, after taking into account the agreed price of the divestment interest of RMB458.0 million.